Red Lobster, a popular seafood restaurant chain, is reportedly considering a Chapter 11 bankruptcy filing, according to a recent report. The company, facing increasing labor costs and other financial challenges, may have to reorganize in order to remain open for business, as Chapter 11 allows companies to do so while addressing their financial struggles. The high costs of labor have been a major issue for Red Lobster, with the chain struggling to remain profitable. Sources have revealed that the company […]